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The problem that the progressive tax solves is allowing small scale landlords while stopping large companies. An equal tax means that a person with an extra hom
by gbear605 7y ago
The problem that the progressive tax solves is allowing small scale landlords while stopping large companies. An equal tax means that a person with an extra home they are renting out is just as unprofitable (or even more so, because of scale) as a large company.
- lostmsu 7y agoAs mentioned by topkai22 above, this might not actually be a problem, and is desired in some places.
- Nasrudith 7y agoWhy is that a problem to be solved to go socratic about it? A single extra home rental being less profitable will exist "naturally" as a matter of economies of scale essentially with fixed cost component redundancy. Income inequality and imbalance of market influence (if one person owns 90% of real estate their high level of control can't even be called disproportionate because they actually do have that large of a stake) seem like issues better addressed by straightforward income taxation and antitrust respectively.